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A Global Economic slowdown rose following up all surprise announcement that it was no ringgit sales target for the First Quarter due to a decline in i phone sales in china. Apples bad news seems to confirm what investors have feared for some time the i phone hype could be over and so far there doesnt seem to be a solid plan coming out of cupertino to re excite consumers for years the i phone has been apple superstar the device brings a solid sixty percent of apples revenue but if those sales fall as they did over the christmas quarter it hits apple hard the companys problems have been looming for months after reaching a high last summer the share price has fallen by thirty percent since september back then analysts reported that asian i phone suppliers were cutting back production because apple needed fewer parts news that sent out an alarm signal. The Company Says Demand has weakened particularly in china apple c. E. O. Tim cook blames the trade dispute between the u. S. And china for

New yorkUnited statesPaolo geddesElizabeth mattisonVictor candidoTim cookGlobal economicSales targetFirst quarterBad newsSales fallShare priceCompany saysCompany says demandChina appleAnalysts say